Private Trust Co. NA Reduces Position in Starbucks Co. (NASDAQ:SBUX)

Private Trust Co. NA cut its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 3.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,199 shares of the coffee company’s stock after selling 408 shares during the quarter. Private Trust Co. NA’s holdings in Starbucks were worth $1,113,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of Starbucks during the fourth quarter valued at about $25,000. Collier Financial bought a new stake in shares of Starbucks during the fourth quarter valued at about $27,000. Marshall Investment Management LLC bought a new stake in shares of Starbucks during the fourth quarter valued at about $30,000. Centricity Wealth Management LLC bought a new stake in shares of Starbucks during the fourth quarter valued at about $36,000. Finally, Morton Brown Family Wealth LLC increased its position in shares of Starbucks by 43.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after buying an additional 154 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SBUX. BMO Capital Markets upped their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. TD Cowen restated a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. Stifel Nicolaus upped their price objective on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company upped their price objective on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.75.

Starbucks Stock Performance

Shares of Starbucks stock opened at $115.81 on Friday. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $116.09. The stock has a market capitalization of $131.55 billion, a price-to-earnings ratio of 37.36, a P/E/G ratio of 3.59 and a beta of 1.00. The company’s 50 day moving average price is $102.11 and its 200-day moving average price is $98.49.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the previous year, the company earned $0.90 EPS. As a group, equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.